What to do with £1000

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Joined
30 May 2005
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1,533
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Greater Manchester
Apart from spend it :D


Is there anything worthwhile to make a bit of money with £1000.

Savings accounts are all so terrible these days, that the interest you make just doesn't seem worth the effort of using them :(
 
Swing trade RBS, seriously.

Any good links about this ?

Current Interest rates aren't worth anything when it comes to small investments. So I'd say forsake that small growth exchanging it instead for the slim but not totally non-existent chance of a big win - Premium Bonds.

Maybe my optimism levels need to be sky high for this, but this is actually quite tempting.
 
Do you mind losing it (in a worst case scenario)? Obviously you don't want to, but will it effect your day to day living if you do? If not, and it sparks you interest, then learn a bit about share trading and trade £200-300 here and there. That's exactly what I'm doing with a spare £1k at the moment.

Is this being profitable so far for you? This is something I am going to read up on as it was a consideration, but I really have no idea where to start. Still we all have to start somewhere don't we.

Thanks
 
search on google for buy silver

lots of companies like these: (there are many of them)

http://www.bullionbypost.co.uk/
http://www.goldline.co.uk/

or ebay is also a huge market place for silver

spend some time comparing prices

essentially you buy an ounce (or more) at the current price per ounce.

look at this too to get an idea of the current (and past) price

http://www.bullionvault.com/gold-price-chart.do

you can change the metal, the date range etc etc

your welcome to email me for any more info , in trust.


Much appreciated, thanks very much.
 
If it were me I'd pay of the credit card. However if you don't want to do that for whatever reason have a go at the stockmarket. I started as a bit of fun, still don't fully understand everything that goes on because theres usually that much jargon it will blow you mind. Im getting there slowly though and I've been hooked for the last couple of months. Made some mistakes on the way like most beginners do (don't jump in on a spike!) but I'm still very nicely up.

The thread on here called "trading the stockmarket" is very helpful if your willing to read through 125 pages :o, also www.iii.co.uk is good for its message boards and discussion of companies. You'll see a lot of tips on there, followed by DYOR (do your own reseach) and thats the important bit. Check out the companies website, search them on google, read as many articles as possible, sign up for RNS feeds, work out who is a reputable source on the message boards. You've only got a small investment so don't be tempted to day trade or you will end up losing out IMO. Look at it as a 2-6 month investment.

Give it a whirl, its fun and addictive, but be prepared to lose.

Thanks for your reply. I am going to do the Fantasy share trading for a little while and see how I like it.
 
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